-
Inland Diversified Real Estate Trust acquires $71.4 million in grocery properties
Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced the acquisition of six triple-net leased grocery properties in two separate portfolio acquisitions, with a total combined purchase price of approximately $71.4 million.
The acquisitions include three grocery stores in Missouri that are fully leased to Schnuck Markets, purchased for approximately $22.6 million in a sale-leaseback transaction. Additionally, three Pathmark grocery stores located in Delaware, Pennsylvania and New York were acquired for approximately $48.8 million.
-
Wakefern Food Corp.’s DC to go solar
Wall, N.J. -- Wakefern Food Corp. and NJR Clean Energy Ventures, a subsidiary of New Jersey Resources, have started work on the installation of a rooftop solar system at a Wakefern Food Corp. distribution center in Keasbey, N.J. The 2.4-megawatt solar system will supply power to a refrigerated warehouse, helping lower Wakefern’s long-term electricity costs and its greenhouse gas emissions.